Gascade gas compressor station in Eisleben. File photoMOSCOW, Apr 2 President of the Federal Union of German Industry (BDI) Siegfried Russwurm warned on the air of the ZDF TV channel about the fatal consequences of the imposition of an embargo on energy resources from Russia. In his opinion, the rejection of Russian gas could put the industry in a stalemate. «We are talking (under such a scenario. — Approx. ed.) about the collapse of our industry, which saved us during the coronavirus pandemic,» Russwurm said. Russia launched a military operation in Ukraine on February 24. In response, Western countries announced large-scale sanctions against Moscow, primarily in the banking sector and the supply of high-tech products. Individual brands announced the cessation of work in the country. The Kremlin called these measures an economic war, the likes of which have never been seen before. The authorities stressed their readiness for such a development of events and assured that they would continue to fulfill social obligations. The Bank of Russia is taking measures to stabilize the situation on the foreign exchange market. The authorities also announced the transfer of payments for gas supplies to unfriendly countries into rubles. In addition, the government has prepared a plan to counter restrictive measures, which includes about a hundred initiatives. The volume of its funding will be about a trillion rubles.
